Starter 18-14 (book/static) A summary of Pasmore Ltd.'s income statement appears as follows: (Click the icon to view the income statement.) Use the following ratio data to complete Pasmore Ltd.'s income statement: a. Inventory turnover is 5.50 (beginning inventory was $395, ending inventory was $375). b. Return on sales is 0.095, or 9.5 percent (Round amounts to the nearest whole dollar. Use parentheses or a minus sign for a net loss.) Pasmore Ltd. Income Stament Income Statement For the Year Ended March 31, 2019 Net sales S 3,600 Cost of goods sold Selling and admin expenses Interest expense Pasmore Ltd. Income Statement For the Year Ended March 31, 2019 855 $ 3.600 Net sales 75 (a) Other expenses 500 855 Income before taxes Cost of goods sold Selling and administrative expenses Interest expenses Income tax expense (b) 75 Net Income Other expenses Income before taxes 500 (C) Income tax expense $ (d) Net income Print Done Enter any number in the edit fields and then click Check Answer. Clear All